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sgc | 1 month ago

Producer has minimal margins and cannot lower their price. Consumer, at least in the immediate future, has more money to spend. Never were the curves going to be any different in this case. Only in the case of a poorer country placing tariffs on a wealthier country with higher margins, would this be any different than the blindingly obvious outcome here.

The only fruit of this is real economic pain for the American consumer. But that was likely the goal, so mission accomplished I guess.

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